The global biochar market size was USD 160.9 Million in 2021 and is expected to register a revenue CAGR of 12.1% during the forecast period, according to the latest analysis by Emergen Research. Biochar is used extensively in agriculture applications and animal feed and poultry farming across emerging countries and this trend is expected to continue to drive market revenue growth.
Biochar is applied to improve physical and chemical properties of soil for agriculture purposes. Agricultural growth and crop development are improved and greenhouse gas emissions are low. Biochar is unusual in that it can absorb water beneath the soil surface. Furthermore, biochar benefits crops and plants by reducing nutrient loss from crop root zones and fertilizer requirements while increasing land cultivation owing to the liming effect that biochar has on acidic soils to bring them closer to neutral PH.
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Governments in developing countries are promoting biochar as a strategy to reduce greenhouse gas emissions like nitrous oxide and methane. Organic waste-based biochar, particularly its importance in increasing biomass output through soil quality and pollution treatment, is expected to drive revenue growth of the biochar market over the forecast period. Large-scale manufacturing and environmental norms are also expected to boost market revenue growth over the forecast period. Furthermore, biochar’s multiple advantages are driving global revenue growth. The potential to improve soil fertility and plant development and crop yield is also expected to drive revenue growth of the biochar market.
The Biochar Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Biochar Market. The report offers in-depth research and assessment of the key elements of the global Biochar Market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Biochar Market.
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Emergen Research has segmented the global biochar market on the basis of technology, application, and region:
Technological Outlook (Revenue, USD Million; 2019–2030)
Pyrolysis
Gasification
Others
Application Outlook (Revenue, USD Million; 2019–2030)
Agriculture
Livestock
Organic Farming
Inorganic Farming
Electricity Generation
Others
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The report also discusses key players involved in the market, such as Agri-Tech Producers, LLC, Diacarbon Energy Inc., Biochar Products, Inc., Phoenix Energy Group, BIOCHAR INNOVATIONS PTE LTD, Bioforcetech Corp., Airex Énergie Inc., Aries Clean Technologies, Mai Animal Health, and Wakefield Biochar as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Key Questions Answered in the Report:
What will be the estimated growth rate of the Biochar market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Biochar market throughout the forecast period?
What are the current and future market trends of the Biochar market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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